Global Algae Products Market : Opportunities, Size and Growth Projections in Upcoming Years
Increasing demand from the healthy food sector, particularly from manufacturers of healthy foods and supplements coupled with rising demand from pharmaceutical and cosmetic sectors for manufacturing therapeutic drugs and natural cosmetic products to drive the global algae products market through 2024. According to TechSci Research report, “ Global Algae Products Market By Source, By Application, By Region, Competition, Forecast & Opportunities, 2024 ” , the global algae products market is projected to reach $ 14.99 billion by 2024, backed by rising demand in healthy food products, pharmaceutical and cosmetic sectors. The Important Aspects of the Global Algae Products Market the increasing application of algae products for generating biofuel is expected to drive the market during the forecast period. According to the CIA factbook, humans consume 11 billion tonnes of oil from fossil fuels, annually, across the globe. Crude oil reserves are expected to vanish b...